GMR to buy Fraport's 10% stake in Delhi Airport; become 74% stakeholder of DIAL
Monday, 9 September 2024
GMR Airports Infra Ltd plans to purchase a 10% stake in Delhi International Airport Ltd from Fraport Airport for $126 million, raising its ownership to 74%. The Airports Authority of India will continue holding the remaining 26%. The transaction, subject to necessary approvals, is anticipated to be completed within 180 days.
GMR Airports Infra Ltd plans to purchase a 10% stake in Delhi International Airport Ltd from Fraport Airport for $126 million, raising its ownership to 74%. The Airports Authority of India will continue holding the remaining 26%. The transaction, subject to necessary approvals, is anticipated to be completed within 180 days.
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